Originally Posted by EdmFlyBoi

Short term trade on the stock? I think not. The stock is close to its 52 week low and there’s no reason to expect it will climb. AC adjusted their forward guidance downward and I’d argue second quarter results are going to be average at best.

There are lots of buy ratings on the stock but that’s for a longer term hold I would think. I’d suggest you might see $12 at some point. I’d consider a buy at that point but even then I’d argue the next number of quarters aren’t going to be good. With increased labour costs or labour disruption the 4th quarter might be brutal. There’s also a strong likelihood of tax loss selling pushing the share price down even further towards the end of the calendar year.

I’d be wary of AC stock.